Ameresco Inc (NYSE: AMRC) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.65 versus $0.34 for the same period a year ago — an increase of 91%. This result exceeded the consensus estimate of $0.59 by $0.06. For the latest four quarters through December 31, E.P.S. were $1.20 versus $1.83 for the same period a year ago — a decline of -34%.
Recent Price Action
Ameresco Inc (NYSE: AMRC) stock rose slightly by 0.1% on 2/28/24. The stock closed at $20.37. Moreover, this advance was accompanied by above average trading volume at 132% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.0% during the last week.
Current PriceTarget Research Rating
AMRC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ameresco has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ameresco has a good Appreciation Score of 75 but a poor Power Rating of 18, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment